Business, 08.04.2020 05:07 lilbloke

Suppose a firm has a fixed cost of $20,000 and a $5 variable cost for every unit it produces. If it produces 100 units, fixed cost will be equal to $ 20000 20000 Correct , and variable cost will be equal to $ 20500 20500 Incorrect . Suppose a firm has a fixed cost of $20,000 and a $5 variable cost for every unit it produces. If it produces 0 units, fixed cost will be equal to $ 20000 20000 Correct , and variable cost will be equal to $ 20000 20000 Incorrect .

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Suppose a firm has a fixed cost of $20,000 and a $5 variable cost for every unit it produces. If it...

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